Securing Your Future: Why You Need a Power of Attorney Today

Planning for the future is crucial, and one of the most important steps you can take is ensuring that your personal, financial, and healthcare decisions are in trusted hands. That’s where a Power of Attorney (POA) comes in—a legal document that allows you to appoint someone (your Attorney) to make decisions on your behalf, should you become unable to do so.

At Bansal Lawyers, we simplify the process to give you peace of mind, ensuring that your legal needs are handled with expertise and care.

What is a Power of Attorney?

A Power of Attorney gives someone the authority to manage your affairs in situations where you cannot. You decide who your Attorney is and what decisions they can make—whether for healthcare, finances, or personal matters.

Types of Powers of Attorney: Which One is Right for You?

• General Power of Attorney: Ideal for short-term situations like travel or illness. It expires if you lose the capacity to make decisions.
• Enduring Power of Attorney: A more permanent solution, it continues even if you lose the ability to make decisions due to illness or age.
• Supportive Power of Attorney: Assists individuals with cognitive disabilities to make their own decisions, rather than appointing someone to make them.

Why Should You Set Up a POA?

Without a Power of Attorney, decisions about your health, finances, and personal life may fall to others who don’t know your wishes. By setting up a POA, you ensure your trusted Attorney will step in when needed. It’s your way of securing control over your future.

How Does It Protect You?

Your Attorney can make decisions about:

• Finances: Paying bills, managing investments, selling property
• Personal Care: Healthcare, living arrangements, and day-to-day needs
• Specific Matters: Handling specific assets or issues

You can even appoint multiple Attorneys and specify how they make decisions (together or separately).

The Attorney’s Duties: What You Should Know

Attorneys must act in your best interests—making decisions based on your preferences and ensuring that they avoid conflicts of interest. They’re legally bound to manage your affairs responsibly and with transparency.

Who Should You Appoint?

Choose someone trustworthy, responsible, and willing to act on your behalf when needed. Think about their reliability, availability, and capacity for making important decisions.

Setting It Up: Fast & Simple

Setting up a POA involves:

1. Choosing your Attorney and defining their powers.
2. Getting it witnessed by two independent witnesses (including one authorized professional, like a lawyer).
3. Signing the document and distributing certified copies to your Attorney and relevant institutions.